BlueCrest Capital Management Ltd lifted its stake in shares of Gap Inc (NYSE:GPS) by 231.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,439 shares of the apparel retailer’s stock after buying an additional 28,220 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in GAP were worth $1,377,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Nicholas Investment Partners LP purchased a new stake in shares of GAP during the 4th quarter worth approximately $7,809,000. Renaissance Technologies LLC purchased a new stake in GAP in the 4th quarter valued at $56,689,000. Gyroscope Capital Management Group LLC raised its position in GAP by 1.6% in the 4th quarter. Gyroscope Capital Management Group LLC now owns 200,465 shares of the apparel retailer’s stock valued at $6,828,000 after purchasing an additional 3,181 shares during the last quarter. Invictus RG raised its position in GAP by 238.1% in the 4th quarter. Invictus RG now owns 7,803 shares of the apparel retailer’s stock valued at $266,000 after purchasing an additional 5,495 shares during the last quarter. Finally, North Fourth Asset Management LP purchased a new stake in GAP in the 4th quarter valued at $1,544,000. Institutional investors and hedge funds own 58.72% of the company’s stock.
Gap Inc (NYSE:GPS) opened at $32.24 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.86. Gap Inc has a 12 month low of $21.02 and a 12 month high of $35.68. The firm has a market cap of $12,540.00, a price-to-earnings ratio of 15.00, a PEG ratio of 1.58 and a beta of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 2nd. Stockholders of record on Wednesday, April 11th will be paid a dividend of $0.2425 per share. The ex-dividend date of this dividend is Tuesday, April 10th. This is a boost from GAP’s previous quarterly dividend of $0.23. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.01%. GAP’s dividend payout ratio is 42.79%.
In other news, major shareholder John J. Fisher sold 500,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $34.43, for a total transaction of $17,215,000.00. Following the transaction, the insider now directly owns 2,319,396 shares of the company’s stock, valued at approximately $79,856,804.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sonia Syngal sold 28,846 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $33.10, for a total transaction of $954,802.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 646,033 shares of company stock worth $22,126,526. Corporate insiders own 27.30% of the company’s stock.
Several analysts recently commented on the stock. Canaccord Genuity reiterated a “buy” rating on shares of GAP in a research report on Thursday, December 14th. ValuEngine upgraded shares of GAP from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $28.00 price target (up previously from $24.00) on shares of GAP in a research report on Wednesday, February 21st. BMO Capital Markets upped their price target on shares of GAP from $29.00 to $35.00 and gave the company a “market perform” rating in a research report on Friday, March 2nd. Finally, Credit Suisse Group assumed coverage on shares of GAP in a research report on Monday. They issued a “neutral” rating and a $35.00 price target for the company. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.99.
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The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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